shard_2013Full Member
Posts: 207 · Reputation: 287
#1Dec 10, 2017, 02:35 AM
I don't trust analysts fully, but I gotta bring this up. I've been watching Ethereum lately and it's pretty concerning.
Ethereum Price Might Sink to $1.2K Soon
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gas_bridgeMember
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#2Dec 11, 2017, 01:03 AM
People on Polymarket are betting Ethereum's market cap could drop below that of USDT. Crazy, right? This analyst hints it might really happen.
A drop to $1.2k would be a massive 40% loss. If ETH drops that hard, Bitcoin could follow and hit around $40k. That’s not a good sign.
Honestly, all these predictions are just guesses. If things crash, it's mostly because the market's bearish this year.
Not sure what that stablecoin metric means. But with more traders entering the space, stablecoins will grow. It’s just how it is.
LoneBridgeSenior Member
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#6Dec 11, 2017, 02:15 PM
I'm kinda torn on this. A significant drop in ETH would hurt Layer 2s too. What news could tank ETH to $1,200? And if it does, where’s BTC at?
ninja_2016Newbie
Posts: 22 · Reputation: 36
#7Dec 11, 2017, 04:13 PM
Yeah, things aren't looking great. The market's shaky and almost everything is red. Even if I don't trust analysts, ETH's price action is worrying.
Keep your entry points based on charts. ETH could drop to $800 if Bitcoin goes below $40k. Best to accumulate slowly, don't wait for the bottom.
quantumguruNewbie
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#9Dec 13, 2017, 04:03 PM
Within a few years, USDT will probably surpass ETH in value. It might just be a matter of time.
If this happens, it's more about how traders trust stablecoins, not just a drop in ETH.
I think ETH's slowly losing value. Should've been around $5000 by now but didn’t get the hype like Bitcoin.
ETH hasn’t performed well in the previous years. There’s a lot more competition now from other networks like Solana.
For ETH to drop like that, BTC would need to drag it down first. The situation’s concerning with all this war talk.
chris.viperMember
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#14Dec 14, 2017, 01:21 PM
So, don’t be shocked if ETH just sits there with no new ATHs for years. It’s just being used for staking right now.
f0rk_5tackNewbie
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#15Dec 15, 2017, 11:37 PM
Stablecoin dominance doesn’t mean ETH will fall. They’re just getting a lot of investment. It’s a profitable business.
Even with more transactions on ETH, demand isn’t rising much. Most activity seems spammy. Stablecoins are really overshadowing it now.
Been checking ETH's structure and if BTC drops 70-80%, we could see ETH at $1.2k. Needs confirmation though.
shard_2013Full Member
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#18Dec 17, 2017, 02:51 PM
Could be right. If BTC stays bearish, ETH will likely follow. Demand for altcoins is weak right now.
gas_bridgeMember
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#19Dec 17, 2017, 06:11 PM
If USDT overtakes ETH, it’ll be a first. We’ve talked about this happening and now it seems real.
HyperBlockMember
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#20Dec 19, 2017, 06:44 AM
In this bear market, anything’s possible. You mentioned ETH above $2k, and look at it now. It’s all unfolding.